The last few years have accelerated the adoption of digital tools and technologies by consumers across all age demographics. As a result, credit unions are increasingly looking for innovative digital consumer, commercial account opening and loan application solutions.
Credit unions in Ohio are no different. “We conducted a thorough scan of the market to identify innovative solutions built on modern technology stacks with a strong track record of delivering outcomes for digital account opening and loan application. Cotribute stood out in all aspects, and we’re excited to bring them to Ohio’s credit unions.” stated Kyle Alford, Director, Business Research and Development at OCUL Services Corporation.
Typical outcomes that Cotribute delivers include increasing onboarding conversions by 60%, decreasing cost of operations by 45% and collapsing onboarding time from hours to minutes. Cotribute also provides quick start templates for loan and deposit products that use best in class application flows and configurations that result in quick and low-risk implementations. SVP of Growth at Cotribute, Al Powell stated, “Over the last 9 months, we’ve interacted with many OCUL members. As credit unions in Ohio look to deliver compelling digital account opening and loan application experiences, we believe this partnership will simplify the process, shorten the lead time, and reduce the effort around evaluating and purchasing a solution for OCUL’s members.”
Credit unions trust the solutions recommended by OCUL Services Corporation since they have a deep understanding of the goals and challenges experienced by credit unions in Ohio and ensure that everything needed for a smooth implementation has been put in place. Success happens with the right partners and solutions.